Los Angeles Capital Management LLC Sells 419,374 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Los Angeles Capital Management LLC lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 85.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 71,232 shares of the energy company’s stock after selling 419,374 shares during the period. Los Angeles Capital Management LLC’s holdings in Cheniere Energy were worth $12,160,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LNG. HHM Wealth Advisors LLC purchased a new stake in shares of Cheniere Energy in the third quarter worth $25,000. Whittier Trust Co. of Nevada Inc. grew its position in Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after purchasing an additional 118 shares during the last quarter. OFI Invest Asset Management bought a new stake in Cheniere Energy during the 3rd quarter valued at about $40,000. Farmers & Merchants Investments Inc. raised its holdings in Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after buying an additional 60 shares during the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Cheniere Energy in the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.9 %

Shares of NYSE:LNG opened at $157.54 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The company has a market cap of $36.34 billion, a PE ratio of 7.67 and a beta of 0.95. The business has a 50 day simple moving average of $157.83. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business posted $6.89 earnings per share. The firm’s revenue was down 41.8% on a year-over-year basis. Analysts expect that Cheniere Energy, Inc. will post 8.4 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s payout ratio is 8.48%.

Analysts Set New Price Targets

LNG has been the subject of several analyst reports. Barclays raised their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TD Cowen decreased their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. UBS Group dropped their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Redburn Atlantic initiated coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $193.90.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.